CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against Polymarket Perps−0.008%45s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs+$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.161% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.925%+$93 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.008%, 7d avg −0.074%

Together, before fees+0.935%+ Points / potential airdropLighter: Season 3 · farm board+$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.066% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.074%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.925%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.080	0.0025	pay 0.0003% / 1h	42m 35s	$1.6M	$1.4M	20x
Short	Lighter WTI	92.073	−0.0128	pay 0.0016% / 1h	42m 35s	$11.2M	$10.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$32.12
Price spread: −0.008% → −0.074%: $6.61
Slippage, 4 orders: −$8.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.63
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 1 min ago	2.34 bp	7.8 bp −$8	8.2 bp −$82	11.4 bp −$1,142	doesn't fit
Sell Lighter live order book, 6 min ago	0.05 bp	0.1 bp $0	1.3 bp −$13	8.2 bp −$819	35.7 bp −$17.8K

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.112	+0.035%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0304%	4h	92.024	−0.061%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.100	+0.022%	$96K	$189K	15x	as long as short
Aster CLUSD1	−0.0230%	4h	92.102	+0.024%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0178%	1h	92.133	+0.057%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0154%	4h	92.082	+0.002%	$245.3M	$1.10B	100x	as long as short
Lighter WTIshort	−0.0128%	1h	92.073	−0.008%	$11.2M	$10.9M	20x
Ondo Perps WTI-USD.P	−0.0126%	1h	92.080	0.000%	$3.5M	$6.4M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−0.094%	$13.4M	$12.7M	—	as long as short
tradeXYZ xyz:CL	−0.0109%	1h	92.103	+0.025%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0107%	8h	92.058	−0.023%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0077%	1h	92.083	+0.004%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.050	−0.033%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0025%	8h	92.020	−0.065%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.092	+0.013%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.100	+0.022%	$25.5M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.090	+0.011%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.194	+0.124%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.073	−0.008%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	−0.011%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.054%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.669	−0.446%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.140	+0.065%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0025%	1h	92.080	long leg	$1.6M	$1.4M	20x
StandX CL-USD	+0.0040%	1h	92.070	−0.011%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.140	+0.065%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.085	+0.005%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−0.047%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.079	−0.001%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.082	+0.002%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.076%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.053	−0.029%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.085	+0.005%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.986%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	−0.011%	$4.0M	$1.4M	50x	as long as short